Envestnet Asset Management Inc. Raises Stock Holdings in The Campbell’s Company $CPB

Envestnet Asset Management Inc. increased its stake in shares of The Campbell’s Company (NASDAQ:CPB) by 123.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,405 shares of the company’s stock after purchasing an additional 159,253 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Campbell’s worth $9,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CPB. SBI Securities Co. Ltd. lifted its stake in shares of Campbell’s by 66.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock worth $29,000 after purchasing an additional 385 shares during the period. Parvin Asset Management LLC purchased a new position in shares of Campbell’s in the 2nd quarter valued at $35,000. Geneos Wealth Management Inc. boosted its position in shares of Campbell’s by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the period. Kentucky Trust Co boosted its holdings in Campbell’s by 40.0% in the 3rd quarter. Kentucky Trust Co now owns 1,400 shares of the company’s stock worth $44,000 after acquiring an additional 400 shares during the period. Finally, Country Trust Bank purchased a new position in shares of Campbell’s in the second quarter valued at $46,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Down 2.1%

CPB opened at $26.96 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.82 and a quick ratio of 0.34. The company has a market capitalization of $8.04 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 9.67 and a beta of -0.04. The business has a 50-day moving average of $27.67 and a 200-day moving average of $30.17. The Campbell’s Company has a fifty-two week low of $25.62 and a fifty-two week high of $43.85.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.73 by $0.04. The company had revenue of $2.68 billion for the quarter. Campbell’s had a net margin of 5.69% and a return on equity of 21.84%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. Equities research analysts forecast that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Insider Buying and Selling at Campbell’s

In other Campbell’s news, EVP Charles A. Brawley III sold 11,550 shares of the firm’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $28.14, for a total value of $325,017.00. Following the sale, the executive vice president directly owned 43,777 shares in the company, valued at $1,231,884.78. This trade represents a 20.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Anthony Sanzio sold 2,700 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $26.51, for a total transaction of $71,577.00. Following the completion of the sale, the executive vice president owned 25,264 shares of the company’s stock, valued at approximately $669,748.64. The trade was a 9.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 19.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CPB has been the topic of several analyst reports. Royal Bank Of Canada dropped their price objective on Campbell’s from $35.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 10th. Weiss Ratings downgraded Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Barclays set a $27.00 price target on shares of Campbell’s in a research report on Friday, January 16th. Sanford C. Bernstein lowered their target price on Campbell’s from $39.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Finally, Morgan Stanley reduced their price target on shares of Campbell’s from $30.00 to $28.00 and set a “cautious” rating for the company in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $32.29.

Campbell’s Company Profile

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.